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15 Cards in this Set
- Front
- Back
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Agglomeration |
... process involving the clustering or concentrating of people / activities. Often refers to manufacturing plants in businesses that benefit from close proximity because they share skilled labor pools and technological and financial amenities |
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Break-of-bulk theory |
... Location along a transport route where Goods must be transferred from one carrier to another. Interport, Cargoes of ships are unloaded and put on trains and trucks for Inland distribution |
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Commodification |
The process through which something is given monetary value |
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Commodity Theory |
The scarce or something is, the more desirable it becomes |
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Comparitive Advantage |
The ability to produce a good at lower opportunity cost than another producer |
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Deindustrialization |
... A phenomenon characterized by a share of total employment falling dramatically in more developed countries |
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Ecotourism |
A form of Tourism, based on the enjoyment of scenic areas are natural wonders, that aims to provide an experience of nature or culture in an environmentally sustainable way |
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Flexible Production System |
A system of industrial production characterized by a set of processes in which the components of goods are made in different places around the globe and then brought together as needed to meet customer demand |
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Fordist |
... Highly organized and specialized system or organizing industrial production in labor. Named after automobile producer Henry Ford, fordist production features assembly line production of standardized components for Mass consumption |
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Friction Of Distance |
... Increase in time and cost that usually comes with increasing distance |
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Gender Empowerment Measure |
Compares the ability of men and women to participate in economic and political decision-making |
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Gender Inequality Index |
A measure of the extent of each countries gender equality |
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Global Divison Of Labor |
Phenomenon whereby corporations and others can draw from labor markets around the world |
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Globalization |
The expansion of economic, political, and cultural processes to the point that they become Global in scale and impact |
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Growth Pole |
... A point of economic growth, usually an urban location, benefiting from agglomeration economies, and interacting with surrounding areas spreading wealth from the core to the periphery |
